Showing 1 - 10 of 1,173
Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after … conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset …. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …
Persistent link: https://www.econbiz.de/10012252077
I use a monthly panel of provincially-collected central government revenues and conflict fatalities to estimate … government revenues lost due to conflict in Afghanistan since 2005. I identify causal effects by instrumenting for conflict using … measurement error in equal share. The findings underscore the considerable economic loss due to conflict, and the importance of …
Persistent link: https://www.econbiz.de/10011932218
Sub-Saharan Africa has been marred by conflicts during the past several decades. While the intensity of conflicts in recent years is lower than that observed in the 1990s, the region remains prone to conflicts, with around 30 percent of the countries affected in 2019. In addition to immeasurable...
Persistent link: https://www.econbiz.de/10012392097
Analysis of the economic impact of military expenditures and arms trade is frequently hampered by the limited amount of transparent, comprehensive data. Country-specific information can be supplemented, however, by data from multicountry statistical sources. This paper describes seven...
Persistent link: https://www.econbiz.de/10014396389
specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the … economic externality due to enhanced trade and lower world interest rates. Accordingly, the net debtor developing country gains …
Persistent link: https://www.econbiz.de/10014398100
Although conventional wisdom suggests that reducing military spending may improve a country’s economic growth performance, empirical studies have produced ambiguous results. This paper extends a standard growth model and estimates it using techniques that exploit both cross-section and...
Persistent link: https://www.econbiz.de/10014398227
The decline in military spending that began in the mid-1980s continued through 1995, and this decline was widespread both geographically and by level of development. Cuts in military spending appear to have potentially important implications for nonmilitary spending and fiscal adjustment. In...
Persistent link: https://www.econbiz.de/10014398233
This paper analyzes trends in world military expenditure by examining the shares of different country groups and the …
Persistent link: https://www.econbiz.de/10014398344
World military expenditures have fallen by over 20 percent in proportion to GDP from 1985 to 1990. This study examines … support for the military. A third factor is the improved world security situation and the concomitant decrease in military aid …
Persistent link: https://www.econbiz.de/10014398719
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...
Persistent link: https://www.econbiz.de/10012001483